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Aviva Is Said to Weigh Options for Asian Unit Including Sale

  • The assets could be valued at about $3 billion to $4 billion
  • Deliberations are preliminary and no decision has been made
Aviva Plc Headquarters Ahead Of Their Half-year Results

Photographer: Jason Alden/Bloomberg

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Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the matter said.

The Asian assets could be valued at about $3 billion to $4 billion and a formal process could kick off later this year, the people said, asking not to be identified because the deliberations are private. While Aviva is exploring options with potential advisers, the discussions are at an early stage and no final decisions have been made, they said.